Commodities
$100 Oil Prices Send Gold Market into a Tailspin in India
Oil prices above $100 a barrel are causing concerns for inflation, economic growth, and gold prices in India. A weaker rupee and higher energy costs could influence the domestic bullion market.
Vandana Bharti, Head - Commodity Research at SMC Global Securities, notes that crude oil prices, rupee depreciation, and inflation may impact gold prices in India.
She highlights supply disruptions and freight charges as key factors for crude oil, while also discussing the possibility of crude oil prices moving towards $80-82 if geopolitical tensions ease.